Practical Accounts & Bookkeeping in easy steps by Alex Byrne

Practical Accounts & Bookkeeping in easy steps by Alex Byrne

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Summary

Starts with the basics you need to know to record your day-to-day transactions and how they appear in Nominals, Trail Balance, Profit & Loss and Balance Sheet. Then it addressess annual adjustments, VAT, one-off events, prepayments, accruals, depreciation, capital accounts, tax and more - explaining the key accounting principles, such as double en

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Practical Accounts & Bookkeeping in easy steps by Alex Byrne

This second edition of Practical Accounts & Bookkeeping in easy steps starts with the basics you need to know to record your day-to-day transactions and how they appear in Nominals, Trial Balance, Profit & Loss and the Balance Sheet. It then covers: Understanding accounts and why they are important the legal documents required when preparing accounts What happens if accounts are not submitted in time and when accounts need to be sent to authorities Creating a balance sheet using sales ledgers, purchase ledgers and nominal ledgers VAT - registering, charging and reclaiming Annual adjustments - Prepayments, Accruals, etc. Calculating Profit for tax and Capital Accounts Key Accounting Principles: Double Entry, Direct and Indirect costs, Fixed and Current Assets, Depreciation, Capital Allowance, and more! This book will help you make sense of the daunting accounts world. It will help you to spot problems in the accounts and explain them to others using the correct terminology. It will also show you how computer software has been designed to simplify the processes. Master basic bookkeeping, then work through the book at your own pace to get a deeper understanding of Accounts. Practical Accounts & Bookkeeping in easy steps, 2nd Edition is ideal for business owners as well as students. Includes examples to practice, and a Questions and Answers section to test yourself!
Alex Byrne worked for HM Revenue & Customs (HMRC) for 23 years and was a senior Inspector of Taxes. He began his own tax consultancy business in 1997. He has been helping people with their tax and accountancy problems ever since, dealing with HMRC tax investigations, HMRC driven insolvencies, Capital Gains Tax problems, PAYE and Minimum National Wage settlements and any problem that anyone has with tax and HMRC. He assists with a small accountancy practice and over the years has seen people get into difficulties with Companies House and HMRC often as a result of poor record keeping and failing to meet deadlines. He has seen the problems first as an Inspector of taxes and then as a tax adviser, and has worked tirelessly to produce improved computer records and record systems so business accounts can be produced efficiently at a reasonable cost.
SKU Unavailable
ISBN 13 9781840787382
ISBN 10 1840787384
Title Practical Accounts & Bookkeeping in easy steps
Author Alex Byrne
Series In Easy Steps Ser
Condition Unavailable
Binding Type Paperback
Publisher In Easy Steps Limited
Year published 2016-09-30
Number of pages 288
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.